Housing Report: Spring Selling Season
Coldwell Banker agents share the top spring selling season trends they’re seeing in their markets.
Spring selling season is in full swing, and everyone knows that means real estate markets are heating up all over the country. But what does that really mean — and how do these trends vary from market to market? We turned to those who know best – Coldwell Banker agents, of course – to see what type of activity they’re seeing in their areas. Here’s what they had to say:
“Buyers are better prepared and have more knowledge of the market to make a quick decision. Inventory is picking up for the spring selling season. Smart homes are becoming a norm.” – Lev Shalomayev, Coldwell Banker Kueber Realty in Glendale, NY
“Even though the weather may not be hot and may not feel like spring yet, our market is crazy hot! Things are selling in days of being listed, with multiple offers!” – Brandon Grass, Coldwell Banker Horizon Realty in Kelowna, BC
“It’s important now, more than ever, to have your buyers truly qualified. With more competing offers than I’ve seen in my whole 8 years, sellers want squeaky clean schedules with as few conditions as possible. So I try to confirm that they can (where the risk is low) go in with no conditions at all.” – Melissa Mummery, Coldwell Banker Coastline Realty, Port Dover, ON
“The market is very healthy at all price points. If you price it to sell, it will. Properties under $1 million are going under contract in 7 to 21 days. In our luxury market, listings over $2 million have had recent success. Multiple sales over $5 million are averaging around $8 million.” – Chris McDonnell, Coldwell Banker Distinctive Properties in Vail, CO
“Our market is smoking hot! Day on market is lowest we’ve seen in quite some time, and we’re seeing a lot of multiple offers.” – Pamela Smith, Coldwell Banker Seaside Realty, Kitty Hawk, NC
So there you have it! If you’re considering putting your house on the market or looking to buy this season, head to coldwellbanker.com to find a Coldwell Banker agent in your area.
Alexandra is the Manager of Social Media & Content for Coldwell Banker Real Estate, LLC. She lives in Hoboken, NJ and loves taking advantage of the many local perks (read: dogs EVERYWHERE) and proximity to Manhattan. Her idea of relaxing is perusing the aisles of Sephora and proofreading copy. No, really.